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Old and new sign

CIRO proposes new fee model

Fees to rise for most firms as minimums go up, certain dealers pay higher share

Cartoon businessman running away from tax collector

Feds to give CRA new powers to compel data from taxpayers

The agency could extend reassessment period if a taxpayer is issued a notice of non-compliance

growth in challenging times
Research and Markets

U.S. growth slowed sharply last quarter to 1.6% pace

Higher interest rates are weighing on the economy

Personal finances
Industry News

Renovating on a budget

Inflation, higher interest rates add to the financial challenges

Man searches for job on the internet
Research and Markets

Employment numbers slide in February: StatsCan

Payrolls dip, but vacancies and wages rise

A global network of investment points
From the Regulators

FSB adopts standards for counterparty failures

Global policy group calls for toolbox approach to CCP resolution

Focus on Mutual Funds Special Report

Higher capital gains inclusion rate and mutual funds

Mutual fund corporations can pass gains to unitholders

chart showing downward movement
From the Regulators

Fund costs fell after CRM2

CSA research details the evolution of fund costs in the face of transparency reforms

Bank of Canada note
Industry News

BoC officials split on when to start cutting rates, summary shows

Some members thought bank should take its time; others were concerned about keeping interest rates high for too long

Pro bono advice
From the Regulators

Advisors face new U.S. fiduciary requirements

Labor Department finalizes fiduciary rule for retirement advice

Aging
Research and Markets

More than 1 in 4 aging Americans don’t expect to retire: AARP

Nearly three-quarters are concerned about prices rising faster than incomes

gavel

Tribunal asked to pause OSC’s Bridging case

Lawyers for firm's founder seek adjournment amid unpaid legal bills

Desjardins sells its shares in Fiera

Desjardins says the transaction "does not call into question our business relationship with Fiera"

CRA to charge 9% interest on overdue tax in Q3

Prescribed rate to dip as inflation eases

Budget softens mandatory tax disclosure regime

While financial advisors are still subject to the rules, the budget change could undermine lawyers' Charter challenge of the regime

Industry moves this week

Notable news comes from banking, and a new leader joins Sterling Mutuals

  • By: Katie Keir
  • April 15, 2024 April 15, 2024
  • 13:17

Sam Albanese, industry pioneer, dies at 76

Friends, colleagues remember him as an innovator who was dedicated to his field

Industry moves this week

A mix of retirements and firm expansions, alongside RBC's termination notice

  • By: Katie Keir
  • April 10, 2024 April 9, 2024
  • 07:01

TFSAs, RRSPs and more could see changes in allowed investments

Qualified investments review could lead to lower costs for investors but also restrictions

OSC still overseeing Emerge Canada as receivable remains unpaid

The regulator's investigation into Emerge Canada is ongoing

Private markets becoming more accessible, but due diligence needed

Compared to public markets, private markets have less transparency and offer less liquidity

Nature, workforce risks next on ISSB’s agenda

Standards setter defines its policy direction beyond climate disclosures

FCA escalates greenwashing fight

Regulator seeks to extend regime to portfolio managers

Court certifies crypto class action against Binance

Suit alleges that retail investor trades violated securities law

Statistics Canada reports dip in retail sales

February result weighed down by slumping fuel sales

Interest in cryptoassets increasing among firms and institutional investors: survey

Half of financial services respondents said they offered cryptoasset services in 2023, up from 41% in 2021

  • By: IE Staff
  • April 24, 2024 April 24, 2024
  • 10:43

Financial planning projections generally brighter in 2024

Canadian equities are projected to return 6.4% over the next decade, up slightly from last year